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adillshaikh

Trend line breakout formed in DEVYANI INTERNATIONAL !!! (NSE)

Long
DEVYANI INTERNATIONAL LTD (NSE:DEVYANI)  
adillshaikh  
NSE:DEVYANI   DEVYANI INTERNATIONAL LTD
Trend Analysis Chart Patterns Technical Indicators Trend Line Break cupandhandlepattern
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trendanalysis chartpattern indicator trendlinebreak cupandhandlepattern
On one hour time frame trend line breakout is formed in DEVYANI INTERNATIONAL. We can take long entry in it at 154 with a stop loss of 149 and target of 170. 1:3 R:R is possible easily. Also we may see the formation of cup and handle if small correction happened. In that case we can take entry after breakout at 157-158 with stoploss of low formed during handle formation. Here volume is great at time of breakout and RSI is also above 60 indicates the strength in stock.
DEVYANI
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